The Financial Services Commission (FSC) of Mauritius said IPE Plus Fund and IPE Plus Fund 1, which were mentioned in the Hindenburg report as investment vehicles in which Sebi chief Madhabi Puri Buch and her husband Dhaval Buch were investors, are not licensees of the regulator and are not domiciled in Mauritius. The Mauritius regulator, … Read more
A year-and-a-half after alleging that billionaire Gautam Adani was running the “largest con in corporate history”, Hindenburg Research on Saturday made yet another wild allegation on the Adani issue by alleging that Sebi Chairperson Madhabi Puri Buch had stakes in offshore funds linked to the conglomerate. “The current SEBI Chairperson and her husband, Dhaval Buch, … Read more
A scurrilous story that was slowly fizzling out, has made a messy reappearance. An unhindered Wall Street player that thrives on blemishes of others and is seemingly answerable to no one, has cast aspersions on an overbearing regulator which is used to dealing with timid fund managers and brokers. The Adani story has moved beyond … Read more
US-based short seller Hindenburg Research today admitted making $4.1 million revenue through gains made by shorting of Adani securities by its client but said it will hardly break even considering the costs of producing the research. “We have made ~$4.1 million in gross revenue through gains related to Adani shorts from that investor relationship,” Hindenburg … Read more
Adani group stocks significantly recovered, surging by up to 6% in Wednesday’s trade after experiencing a sharp decline of as much as 15% in early trading. ACC, Ambuja Cement, Adani Green Energy, and Adani Ports surged between 3-6%. In early Wednesday trade, Adani Energy Solutions declined 15%, while Adani Power fell 12%. Adani Enterprises, Adani … Read more
Exactly on this day a year ago, the Indian stock market had woken up to an explosive report from a hitherto unknown entity on Dalal Street. Before investors could finish reading the summary of the 106-page Hindenburg report, Adani stocks started falling like ninepins.In next seven trading sessions, as the issue erupted into a major … Read more
NEW DELHI: Embattled billionaire Gautam Adani will face his moment of truth today as the Supreme Court will announce its verdict on the Hindenburg issue in which crores of investor wealth was lost. Last month, a Supreme Court Bench headed by Chief Justice DY Chandrachud had reserved its order on a batch of pleas last … Read more
BJP on Thursday reacted strongly to questions raised by Congress leader Rahul Gandhi, based on reports in the international media. BJP said that some people were rattled by India’s growth outlook under the Modi government and were trying to malign the image of the country. BJP national spokesperson Syed Zafar Islam told ETthat India is … Read more
